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5 Things to Know Today: BoC Hike Odds Near 80%, Oil Tops US$100, Loonie Hits 5-Week High

  Canadian Money Brief  |  Saturday, October 24, 2026 The Bank of Canada is expected to raise rates on Wednesday, oil is back above US$100 and stocks slipped on AI worries. Here are the five things to know this Saturday, and what each one means for your wallet. 1 The Bank of Canada is widely expected to hike on Wednesday Markets are putting roughly an 80% chance on a quarter-point increase at the Bank of Canada’s Oct. 28 decision, which would lift the policy rate from 2.25% to 2.50%. A majority of economists polled by Reuters also expect a second hike by the end of March. The shift followed hawkish comments from Governor Tiff Macklem about a higher inflation outlook driven by oil. What it means for you Every 0.25-point increase adds about $250 a year (roughly $21 a month) for each $100,000 of prime-linked debt, such as a variable-rate mortgage or HELOC. Fixed-rate holders are not hit directly, but renewals are being priced off higher bond yields. Savers may see HISA and...
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YouTube Reaches $24.5M Settlement in Trump Account Suspension Case

                    YouTube To Pay $24.5 Million To Settle Donald Trump's Lawsuit Over Account Suspension.

YouTube has agreed to pay $24.5 million to settle a lawsuit brought by President Donald Trump over the suspension of his account following the January 6, 2021 Capitol riots.

According to court filings in Oakland, California, $22 million of the settlement will be directed to the Trust for the National Mall, funding the construction of a new White House State Ballroom—one of Trump’s long-standing projects. The remaining $2.5 million will go to other plaintiffs, including the American Conservative Union and several individuals who joined the case.

YouTube suspended Trump’s channel on January 12, 2021, citing concerns about the potential for further violence. The account was reinstated in March 2023, but Trump pursued legal action, arguing that the ban unlawfully silenced conservative viewpoints.

The settlement follows similar agreements Trump has reached with other platforms: Meta paid $25 million earlier this year, while X (formerly Twitter) settled for $10 million.

Importantly, the deal does not constitute an admission of wrongdoing by YouTube or its parent company, Alphabet. Instead, it closes one of the most high-profile legal battles between Trump and major tech platforms over content moderation and political speech.

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